Matthews Logo

Navigation Menu

538 Bainbridge St, Brooklyn, NY, 11233

538 Bainbridge St
$1,500,000

Key Information

Cap Rate
7.25%
GRM
10
Tot. SF
5,585
Units
6
Type
Apartments
NOI
$108,458

Highlights

  • Cash flowing: Great investment for someone looking to park capital in a cash flowing asset with long-term upside in neighborhood appreciation and local law change.
  • Building Structure: Dimensions of 25.5’ x 73’ with air shafts provide spacious and bright layouts.
  • Tax Class Protected: 2A Tax Class limits tax increase to no more than 8% a year or 30% over 5 years.
  • Premier Location: located on Idyllic Street, two blocks from Broadway.
  • Excellent Transportation Access: Conveniently located two blocks from the J, Z Train, allowing for quick and easy transport to Williamsburg and NYC.

Photos

Location

Agents

Broker of Record

Cory Rosenthal

License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203